Politics
Egypt signs private-sector housing partnership agreements for low-income units
October 27, 2026 at 12:59 PM
Coverage
8 reports · over 2 hours
Prime Minister Mostafa Madbouly witnessed the signing of state-private partnership agreements to provide low-income housing under the "Seakin Kull al-Misriyyin" initiative.
- Housing Minister Randa al-Manshawi announced a target of one million units in the next program, with developers to execute 100,000 units.
- The agreements commit 17 real estate developers to build 20,000 units in eight new cities across roughly 400 feddans.
- Social Housing Fund CEO Mai Abdelhamid said cash support will reach 180,000 Egyptian pounds per unit with 8% declining-rate financing over 20 years.
- World Bank regional director Waleed al-Ottabani said the bank aims to continue coordination and launch a new housing project.
- The partnership allocates 80% of each project to subsidized social housing and 20% to market-priced commercial units.
- Land in the program is offered at preferential prices, and 104 developers submitted 137 bids for 17 plots in the first phase.







